NEXSTAR MEDIA GROUP, INC.

(a)

Amendment to Employment Agreement

On May 2, 2025, The Company entered into an Amendment to Employment Agreement (the “Amendment”) amending that certain Amended and Restated Employment Agreement, dated September 19, 2023 by and between the Company and Sean Compton, to, among other things, revise certain terms of Mr. Compton’s annual bonus opportunity thereunder. Under the terms of the Amendment, beginning with the fiscal year 2025, Mr. Compton’s annual bonus amount will be determined based on the following criteria: (i) 30% of the annual bonus will be earned if the Company exceeds 90% of budgeted Net Revenue or Adjusted EBITDA and (ii) 70% of the annual bonus will be earned based on the achievement of discretionary targets based on financial, operational or strategic objectives specific to his line of business.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Quarterly Report on Form 10-Q and incorporated herein by reference.

(b)

None.

(c)

Rule 10b5-1 and Non-Rule 10b5-1 Trading Arrangements

None of the Company’s directors or officers adopted, modified, orterminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the Company’s fiscal quarter ended March 31, 2025.